Progress and developments of regional cooperation on competition policy and law in ASEAN were among the matters discussed by Heads of Agencies of ASEAN Competition Authorities. At the meeting, the Heads noted the completion of the Mid-Term Review of the ASEAN Competition Action Plan 2025 earlier this year; the progress of the implementation of the ASEAN Experts Group on Competition, AEGC Key Deliverables for 2021, which are the updating of the ASEAN Regional Capacity Building Roadmap 2021-2025, and the development of Recommendations on Substantive as well as Procedural Standards in Competition Policy and Law Enforcement for ASEAN.
The Chairman of the Indonesian Competition Commission and Chair of the ASEAN Heads of Agencies Meeting in his opening remarks highlighted that COVID-19 has brought about unprecedented challenges and disruptions to millions of lives around the world, including the ASEAN region. He added that ASEAN still struggles with differences in legal framework and procedures, particularly in exchanging information and underlined the importance of developing the Guidelines for Sharing Merger Cases and the subsequent setting-up of the ASEAN Information Portal on Merger Cases – which serves as an initial step towards enhancing competition enforcement cooperation, to effectively deal with cross-border commercial transactions.
Source: Radio Television Brunei